Author Topic: Furniture Flipping for FIRE  (Read 989 times)

frugalfoothills

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Furniture Flipping for FIRE
« on: July 23, 2018, 11:03:19 AM »
I've always had a knack for interior decorating/design, and a TON of stuff in my home is from thrift stores/Craigslist/secondhand market. I also sold a bunch of my own belongings earlier this year to help me pay off CC debt, but until recently it never dawned on me to try to put those skills to work for profit.

So far in July, I've made $250 buy buying cheap (less than $30) outdated furniture off Craigslist, flipping, and reselling. I have 3 other projects in the works that should wrap up by end of July. If those sales go according to plan, I think I will close the month at +$365 (net)! Not too shabby for about 20 hours work, which I actually quite enjoy.

For anyone interested in giving it a shot, tall dressers have been my easiest selling item. Pretty much guaranteed ROI.

SeaKayEl

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Re: Furniture Flipping for FIRE
« Reply #1 on: July 23, 2018, 11:55:26 AM »
I’m curious, what does “flipping” entail?  I guess that would depend on the condition and material it is made from?

Do you have any before/after pictures of your flips?

hgjjgkj

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Re: Furniture Flipping for FIRE
« Reply #2 on: July 23, 2018, 01:38:35 PM »
Can you chat more about the process? Are you rehabbing them or what?

frugalfoothills

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Re: Furniture Flipping for FIRE
« Reply #3 on: July 24, 2018, 10:13:59 AM »
I’m curious, what does “flipping” entail?  I guess that would depend on the condition and material it is made from?

Do you have any before/after pictures of your flips?

I've basically been choosing items that need cosmetic fixes only (outdated looking dressers, desks, etc.) and sanding/staining, painting, or some combo of the 2. Looking for stuff that shows basic signs of wear and tear with clean lines and no structural damage (drawers all work, nothing is falling apart.) I use chalk paint as you can apply with zero prep to the underlying wood.

Buy cheap, invest minimal cash (paint at $17 per quart, has lasted for 2-3 projects), turn around and sell. I do have pictures but I have never been able to get the attachment feature here to work for me! I will try again.

SeaKayEl

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Re: Furniture Flipping for FIRE
« Reply #4 on: July 24, 2018, 12:22:22 PM »
Sounds like a minimal investment overall between the cash and your time

Adam Zapple

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Re: Furniture Flipping for FIRE
« Reply #5 on: July 28, 2018, 04:39:43 AM »
$18 an hour for a side hustle that you enjoy sounds good to me.  Make sure you factor in fuel and wear/tear on your vehicle.  If you keep at it, I bet you'll find that sweet spot item that is cheap but can be flipped for huge profit.  Keep at it.  Maybe even look for collectible items that people don't realize are collectible.  My friend is doing this with coffee mugs and sugar jars, of all things.  Good luck.  Sounds like fun.